Vehicle Costs Question

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  • proudarmywifewith4
    Daycare.com Member
    • Feb 2011
    • 10

    Vehicle Costs Question

    Tom,

    When Turbo Tax asks me for the costs for my vehicle, can I enter costs for OnStar and/or XM Radio? I wasn't sure if those would qualify? Or if there is a % that would be figured out based on miles driven vs business use?

    Also, we attend church with a daycare family and often go out to eat with them afterwards. Are either of those qualified mileage expenses?

    Thanks!
  • TomCopeland
    Business Author/Trainer
    • Jun 2010
    • 3062

    #2
    Vehicle Expenses

    If you use OnStar for business trips, then enter the expense. Don't enter the XM Radio because that's personal.

    Don't count the mileage or meals as a business expense when going out with the daycare parents after church. The primary purpose of the trip was to go to church, so it's not business. The food isn't business unless you specifically discussed business and kept records of this at the time you ate the meals.
    http://www.tomcopelandblog.com

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    • proudarmywifewith4
      Daycare.com Member
      • Feb 2011
      • 10

      #3
      Thanks! That's what I figured, but wanted to check

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